Economy
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US Consumer Confidence Rises And Alibaba’s Super-Split Helps China’s Tech Sector
US consumer confidence lifts by more than expected in March despite the banking turmoil. Interest rate hike expectations edge up in the US. Alibaba’s super-split helps lift Asian tech stocks. Brent crude hovers just under $79 a barrel as US inventories drop by more than expected. FTSE 100 opens in the green but Next’s shares…
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‘I would hate to see their efforts evaporate’: How do I help my adult sons manage their finances — without being an interfering parent?
My two sons are in their 30s and both well educated and have rewarding jobs. They save well and spend within their means, for which I’m very grateful. They each want to buy a home, for which saving is an almost Sisyphean effort, as one lives in Boston and the other in San Francisco —…
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Oil prices rise as global economic outlook improves
Oil futures traded higher on Thursday as brightening prospects for the Chinese and U.S. economy have helped to keep prices of the critical commodity elevated. Price action West Texas Intermediate crude for May delivery CL00, +1.82% CL.1, +1.82% CLK23, +1.82% gained $1.06, or 1.5%, to $74.03 per barrel on the New York Mercantile Exchange. May…
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Jobless claims rise to 3-week high of 198,000, but layoffs are still extremely low
[]The numbers: The number of Americans who applied for unemployment benefits last week rose to a three-week high of 198,000, but that number is still extremely low and shows little sign of rapidly accelerating layoffs. []New U.S. applications for benefits increased by 7,000 from 191,000 in the prior week, the government said Thursday. []The number…
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ALFI’s European Asset Management Conference 2023 Report
The 2023 ALFI European Asset Management Conference report following the conference last week in Luxembourg. European Asset Management 2023 Report After A Difficult Year, Luxembourg’s Fund Industry Prepares To Seize New Opportunities Despite experiencing one of the most difficult years for investment funds in Luxembourg and worldwide – at least in terms of assets under…
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Recession looks less likely for U.S., these economists say, but a ‘slog’ still lies ahead
Despite the recent turmoil in the bank sector, a recession is still not the most likely outcome for the U.S. economy over the next two years, analysts at the Peterson Institute for International Economics said Monday. “The data has been more resilient than we thought it would be,” said Karen Dynan, a professor of the…
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U.S. stock futures stable while tech companies lag after flight to safety
[]U.S. stock index futures were little changed early Tuesday as the market paused after bank angst subsided. How are stock-index futures trading S&P 500 futures ES00, +0.01% added 4 points, or 0.1%, to 4011 Dow Jones Industrial Average futures YM00, +0.04% rose 90 points, or 0.3%, to 32721 Nasdaq 100 futures NQ00, +0.03% eased 32…
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An average new car will cost you more than $700 a month. Can dealership incentives help with affordability?
The collapse of Silicon Valley Bank and the banking crisis that it unleashed may tighten auto financing and keep new cars out of reach for an increasingly large number of Americans. New-car prices have come off highs as some dealership incentives have returned, but the average monthly payment on a new car remains above $700…
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‘There’s nothing inherently sexual about drag’: Drag entertainers fear bills to restrict performances will hurt their livelihoods
As odd as it sounds, Poly Tics hadn’t gotten her moment inside the Kentucky State Capitol building until she testified before a state Senate committee in early March. The 25-year-old drag performer had come to Frankfort, Ky., that March 2 decked out in sparkles, jewels, long eyelashes and teased hair to speak out against a…
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Amazon tech layoffs roll on
Amazon has joined Meta, Palantir Technologies, Twilio, Zoom, eBay, Okta, Splunk, PayPal, IBM, SAP, Spotify, Alphabet, Intel, Microsoft, Coinbase, Cisco, Salesforce, HP, Roku, Beyond Meat and Twitter in announcing major layoffs in recent months. Here’s a look at the list of big names across a number of sectors that have been cutting back their workforces.…
